Daily NewsView All News
Facebook is going to turn its business model around by launching its own job board to cover recruitment services, the Business Standard writes. According to ‘sources’ close to the company, BranchOut, Jobvite and Work4Labs are at least three of the companies to join forces with the social networking site.
Employers already use Facebook to look for job candidates and a job board would help the company keep up with competition coming from firms such as LinkedIn, which is gaining more and more popularity around the globe as both a professional and social networking site.
It is not known yet whether job posts will show up as news feed. “A job board that lives on Facebook could put the social network in direct competition with sites like LinkedIn and Monster.Com”, the paper writes. Monster has already suffered from rival companies and is currently up for sale, rumours suggest.
Facebook first dipped its toes in the recruitment market by last year starting a partnership with the US Department of Labor and various employment-related agencies, in a drive to cut down the high unemployment rate.